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Purvah Green Power to Acquire Bhojraj Renewables, to Develop 450 MW RE Projects
CESC’s subsidiary, Purvah Green Power, has signed a term sheet to acquire Bhojraj Renewables Energy for developing a 150 MW solar and 300 MW wind project, with the acquisition set at INR 108.56 crore.
October 05, 2024. By Mrinmoy Dey
CESC Ltd. has recently announced that its subsidiary Purvah Green Power has entered into a binding term sheet with Bhojraj Renewables Energy Pvt. Ltd. (BREPT) for developing 150 MW solar and 300 MW wind projects.
Further, as per the agreement, Purvah Green will acquire the entire shareholding of BREPT from its Shareholders, on a fully diluted basis, CESC informed in a regulatory filing.
The agreement also entails securing connectivity approval and land acquisition including relevant permits and approvals for the solar and wind plants.
The acquisition will be completed in 9 months and involves a cash consideration of INR 108.56 crore.
Last month, Purvah Green Power entered into a binding term sheet with Ecoren Energy India for setting up wind power projects up to 686.85 MW. The company also won a tender from CESC through TBCB to develop a 300 MW ISTS-connected solar PV plant.
Further, as per the agreement, Purvah Green will acquire the entire shareholding of BREPT from its Shareholders, on a fully diluted basis, CESC informed in a regulatory filing.
The agreement also entails securing connectivity approval and land acquisition including relevant permits and approvals for the solar and wind plants.
The acquisition will be completed in 9 months and involves a cash consideration of INR 108.56 crore.
Last month, Purvah Green Power entered into a binding term sheet with Ecoren Energy India for setting up wind power projects up to 686.85 MW. The company also won a tender from CESC through TBCB to develop a 300 MW ISTS-connected solar PV plant.
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